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530 Broadway

Plaid Leases 45300 Square Feet Office Space At 530 Broadway New York City From Michael Shvo
LEASEDOffice

Plaid Leases 45300 Square Feet Office Space At 530 Broadway New York City From Michael Shvo

530 Broadway

Building Size

45,300 SF

Asset Type

Office

Closing

Mar 24, 2025

AI

The property involved in this transaction is an office asset located at 530 Broadway in New York City, encompassing a total size of 45,300 square feet.

Summary of transaction details:

This lease transaction features notable representatives including Howard Hersch from JLL and Jennifer Schreiber from Newmark, who played key roles in the negotiation process for the tenant, Plaid, and the landlord, Michael Shvo from SHVO.

Players

Howard Hersch

Newmark

Broker

23 deals

Broker
Michael Shvo

Michael Shvo

SHVO

Landlord

$3.1B

vol

17 deals

Landlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93